Learning Objectives

Learning Objectives

• Economic prosperity, as measured by GDP per person, varies substantially around the world. 

• The standard of living in an economy depends on the economy’s ability to produce goods and services. 

• Government policies can try to influence the economy’s growth rate in many ways.

• The accumulation of capital is subject to diminishing returns. 

• Population growth has a variety of effects on economic growth. 

There are four major determinants of economic growth: 

• human resources

• natural resources

• capital

• technology

write a 4-page paper, double space, 12-point font.  Include a graph and table.  Cite a minimum of 5 sources.  The citing style is at your discretion; however, make sure the format is accurate.